Look for sell positions from 1.10820 towards 1.10570. | 23 أغسطس 2019
23 أغسطس 2019, EUR/USD
Wave Analysis
During the previous trading day, euro declined significantly and even went below the contracting wedge formation. As long as the price remains below this shape formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should continue massively towards 1.10570 or even lower. This view can only be invalidated in case the price breaks below 1.10570, if this is the case, then further momentum to the lowerside is expected.
Trade Recommendations:
Look for sell positions from 1.10820 towards 1.10570.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
